The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Eastern Bankshares Inc shares valued at $36,817 were sold by Borgen Luis on May 13 ’25. At $15.68 per share, Borgen Luis sold 2,348 shares. The insider’s holdings dropped to 27,187 shares worth approximately $0.41 million following the completion of this transaction.
Also, Borgen Luis sold 2,348 shares, netting a total of over 36,629 in proceeds. Following the sale of shares at $15.60 each, the insider now holds 29,011 shares.
Before that, LUIS BORGEN had added 4,696 shares to its account. In a trade valued at $73,539, the Director bought Eastern Bankshares Inc shares for $15.66 each.
Analysts at Seaport Research Partners started covering the stock with ‘”a Buy”‘ outlook in a report released in mid September. As of January 31, 2023, JP Morgan has decreased its “Neutral” rating to a “an Underweight” for EBC. Earlier on January 30, 2023, Janney downgraded its rating. Their new recommendation was “a Neutral” for EBC stock which previously was a “a Buy”.
Analyzing EBC Stock Performance
During the last five days, there has been a surge of approximately 4.17%. Over the course of the year, Eastern Bankshares Inc shares have dropped approximately -11.65%. Shares of the company reached a 52-week high of $19.17 on 02/06/25 and a 52-week low of $13.51 on 04/07/25.
Support And Resistance Levels for Eastern Bankshares Inc (EBC)
According to the 24-hour chart, there is a support level at 15.08, which, if violated, would cause prices to drop to 14.91. In the upper region, resistance lies at 15.48. The next price resistance is at 15.72. RSI (Relative Strength Index) is 52.47 on the 14-day chart, showing neutral technical sentiment.
